Browsing Tag

Elliott Wave

DXY: 5th Wave Now Underway

DXY ended wave IV of a bullish cycle pattern in a simple Ⓐ-Ⓑ-Ⓒ zigzag.  Wave Ⓐ is a zigzag, wave Ⓑ is a triangle, and wave Ⓒ is a 5-wave bearish impulse. At the time of writing, DXY has begun to reverse up in the final wave V. We… Read More

XAUUSD Bullish Cycle Incomplete

The XAUUSD structure suggests an end to the bullish cycle in impulse wave V. This consists of primary sub-waves ①-②-③-④-⑤. After the sideways correction in wave ④ ended, prices rose in wave ⑤. However, at the time of writing, it has… Read More